Sbarro
CEO and President) | |
Products | Italian-American cuisine, pizza, pasta, salads |
---|---|
Revenue | $185,000,000 (2021 Domestic; excl. Canada) |
Website | sbarro |
Sbarro, LLC is an American
History
20th century
Sbarro was founded in 1956 by Gennaro and Carmela Sbarro. The couple and their three sons, Joseph, Mario, and Anthony, immigrated to America from
The success of the Sbarro Salumeria led to the opening of additional locations in the
The first Sbarro in the Philippines was opened in 1990. As of 2023, the nation currently has 56 stores.[8]
21st century
In early 2007, Sbarro was acquired by MidOcean Partners, a private equity firm with offices in New York and London.[9]
The company filed for
In November 2011, Sbarro was granted court approval to emerge from bankruptcy under a plan requiring restructuring and ceding ownership to lenders; 25 sites were closed.[13] In January 2012, James J. Greco was brought in as CEO of Sbarro to implement a turnaround plan as the company emerged from bankruptcy.[14] Sbarro rebranded, updating its pizza recipe, food offerings, and branding, and bringing fresh ingredients back to the forefront of the menu.[15][16]
On March 15, 2012, Sbarro announced a franchise agreement with Upper Crust Foods Pvt. Ltd. to open restaurants in the Indian state of Maharashtra. The franchise will develop and operate the restaurants.[17] In July 2015, Sbarro announced that they planned to expand to 50 outlets in two years, from the 17 they had then.[18]
In March 2013, Sbarro announced that J. David Karam would be the next CEO of the company.[19] In March of the following year, the company again filed for Chapter 11 bankruptcy protection.
Sbarro announced on June 3, 2014, that they had exited from bankruptcy protection on June 2 based on a reorganization plan as approved by the court on May 19. One hundred and eighty-two locations were closed and the company announced plans to move its headquarters from New York City to Columbus, Ohio.[20]
In January 2015, Sbarro's logo changed from a design resembling the Italian national flag, to an outline of a pizza slice in red and green, with the words "NYC.1956" to recollect the establishment's Brooklyn origins.[21]
In 2016, Sbarro had 318 locations in the U.S., less than half of 12 years earlier.[22] The decline of mall food courts and changing dietary choices among Americans are felt to be the major factors in Sbarro's regression.[23]
Entering the UK market
On November 5, 2020, Sbarro announced it had agreed a partnership with the
Response to the 2022 Russian invasion of Ukraine
During the
Cucinova
In October 2013, Sbarro opened the first location of their fast-casual concept called Cucinova. The restaurants featured Neapolitan-style pizzas made to order with fresh, high-end ingredients and baked in woodstone ovens in under three minutes.[28] Cucinova had multiple locations in Ohio and Texas before closing in 2020 due to the COVID-19 pandemic.[29]
See also
References
- ^ 2011 non-U.S. system wide sales Retrieved July 11. 2015
- ^ "11 Worst Fast Food Restaurants in America". The Fiscal Times. Retrieved August 4, 2018.
- ^ "The state of Sbarro: America's least essential restaurant". Slate Magazine. May 4, 2011. Retrieved October 20, 2015.
- ^ Fast food chain consumerist.com/2014/07/02
- ^ Sbarro is in bankruptcy economix.blogs.nytimes.com/2014/03/13/
- ^ "About Sbarro - Get the Story Behind the Slice". Retrieved August 7, 2018.
- ISSN 0362-4331. Retrieved February 3, 2023.
- ^ "Sbarro". sbarro.ph. Retrieved January 21, 2023.
- ^ "History". Sbarro, Inc. Archived from the original on August 10, 2007.
- ^ "Sbarro Chapter 11 Petition" (PDF). PacerMonitor. Retrieved May 9, 2016.
- ^ Kary, Tiffany (April 4, 2011). "Sbarro, Mall Restaurant Chain, Seeks Bankruptcy Protection". Bloomberg. Retrieved April 11, 2011.
- ^ a b Karp, Gregory (April 10, 2011). "Pizza restaurants feeling bite from consumer options". Los Angeles Times.
- Minneapolis/St. Paul Business Journal, retrieved December 21, 2011
- ^ "James Greco, former Bruegger's CEO, joins Sbarro". www.fastcasual.com. January 31, 2012. Retrieved October 20, 2015.
- ^ "Sbarro Restaurant Company Fights Back From Bankruptcy - QSR magazine". qsrmagazine.com. Retrieved October 20, 2015.
- ^ Strom, Stephanie (October 9, 2012). "New Sbarro Pizza Recipe to Drive Chain's Turnaround Plans". The New York Times. Retrieved August 7, 2018.
- ^ "Restaurant Review: Panki, Sbarro". March 23, 2012. Retrieved August 7, 2018.
- ^ "Pizza Chain Sbarro to Raise Store Count to 50 in 2 Years - NDTV Food". Retrieved July 21, 2015.
- ^ <Eaton, Dan (May 3, 2013) "Wendy’s experience helping guide new Sbarro CEO David Karam" Columbus Biz Insider
- ^ "Sbarro says it exited bankruptcy protection". Yahoo Finance. June 4, 2014. Archived from the original on March 5, 2016.
{{cite web}}
: CS1 maint: bot: original URL status unknown (link) - ^ "Sbarro joins fast-casual pizza race". nrn.com. Archived from the original on March 22, 2016.
{{cite web}}
: CS1 maint: bot: original URL status unknown (link) - ^ "Is There Life After the Mall for Sbarro?". Eater. Retrieved February 25, 2018.
- ^ "DEATH OF THE FOOD COURT: Iconic mall chains like Cinnabon, Sbarro, and Panda Express are transforming to survive". Business Insider. Retrieved February 25, 2018.
- ^ "Sbarro enters UK market with EG Group partnership". Sbarro. Retrieved June 22, 2022.
- ^ "US pizzeria chain Sbarro enters the UK market". The Caterer. November 6, 2020. Retrieved June 22, 2022.
- ^ "Pizza chain Sbarro plans to open 100 restaurants in 2022". Verdict Food Service. March 25, 2022. Retrieved June 22, 2022.
- ^ "Almost 1,000 Companies Have Curtailed Operations in Russia—But Some Remain". Yale School of Management. Retrieved May 26, 2022.
- ^ "New fast-casual pizza concept coming to Kenwood: EXCLUSIVE". Cincinnati Business Courier. October 14, 2013. Retrieved October 20, 2015.
- ^ "This Small, Fast-Casual Pizza Chain Closed All of Its Locations". www.yahoo.com. October 16, 2020. Retrieved August 2, 2021.